Monthly Archives: April 2012

In today’s business climate it is so important to take care of your customers better than you ever have before.

It’s important to continuously engage your customers and have as many touch points as possible. Find more ways to connect with your customers. For example companies that are engaging regularly with their customers using social media are seeing an increase in consumer loyalty.

Ken Davidson, local Kelowna accountant, gives his advice to business owners wondering when the “right” time is to sell your business.

I often get asked this question from Kelowna business owners. The reality of it is you don’t want to be the person who has to sell. What you want to do is plan for your sale. I talk to my clients about two different types of sales in business:

Voluntary Sale

Typically a sale that you have planned for through succession to a family member or transitioning out to a third party.Includes death, bankruptcy, competition overtake, etc.

Answer: An investment where cash flows, has no problems, makes you money and increases in value. How’s that?

There are a couple of different types of real estate investment strategies to familiarize yourself with:

Flipping

Buy & Hold

Flipping Property

My definition of flipping is when you buy a property, fix the place up, make it a nicer piece of property and sell it for more money. Now I believe that flipping is high risk, but that is the Ken Davidson definition of risk. Everyone’s risk level will vary according to his or her skill-set, interests and goals. Keep… Continue reading →

This past March 29, 2012, Canadian Minister of Finance Jim Flaherty tabled his seventh budget. The Harper Government’s focus is on balancing the budget in the medium-term, which involves cuts to operating budgets, while also encouraging long-term economic growth with a focus on job creation and major changes impacting innovation in Canada